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THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
*Reporting positions as of December 2, 1997.
*Released from Commodity Futures Trading Commission on December 5, 1997.

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

Grains & Oilseeds | Metals & Petroleum | Financial | Food & Fiber | Livestock

Reportable Positions
Exchange & Commodity Non Comm. Long or Short Only Non Comm. Long or Short (Spreading) Comm.** Long or Short Only Total
Reportable
Positions 		Non
Reportable
Positions***
Reporting
Level		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long
T-Bonds (CBOT)
500 contracts
11.6
70.2
4.11
50
68.6
45.4
84.4
49.1
15.6
55
Last Reporting Period
9.12
62.5
12.4
50
63.2
46.7
84.7
48.9
15.3
56.3
T-Bonds (MACE)
500 contracts
14.4
26.6
0
50
9.84
100
24.3
56.3
75.7
48
Last Reporting Period
26.1
49.9
0
50
2.36
100
28.4
54.1
71.6
48.4
90-Day T-Bills (IMM)
150 contracts
2.22
54.9
22.5
50
51.5
35.8
76.2
40.5
23.8
80.3
Last Reporting Period
3.07
100
20
50
49.2
32.1
72.3
39.9
27.7
76.2
6.5-10 Yr. T-Notes (CBOT)
500 contracts
10.5
62.7
2.34
50
68.9
46.6
81.8
48.7
18.2
55.7
Last Reporting Period
8.41
75.5
1.25
50
73
46.8
82.6
49.8
17.4
50.9
5-Yr. T-Notes (CBOT)
300 contracts
16
59.1
2.46
50
69.9
47.8
88.4
49.9
11.6
50.8
Last Reporting Period
14.2
67.4
2.28
50
70.5
46.8
86.9
50.3
13.1
48.2
2-Yr. T-Notes (CBOT)
200 contracts
7.96
21.2
8.9
50
71.7
51.6
88.6
48.7
11.4
60.2
Last Reporting Period
1.02
2.78
0.68
50
80.5
51.6
82.2
51
17.8
45.6
Eurodollars (IMM)
850 contracts
6.37
62.6
7.41
50
59.9
51
73.7
51.9
26.3
44.6
Last Reporting Period
6.17
59.4
7.21
50
59.4
51.7
72.7
52.2
27.3
44.2
1-Mo. Libor Rate (IMM)
100 contracts
2.74
21.2
4.24
50
83.9
51.7
90.8
50.7
9.17
42.8
Last Reporting Period
4.41
7.23
1.76
50
79.9
52
86.1
49.6
13.9
52.2
Municipal Bonds (CBOT)
25 contracts
5.39
85.1
0.37
50
85.8
45.8
91.6
48.1
8.43
70.2
Last Reporting Period
4.94
73.1
0
50
84.8
47.5
89.7
48.9
10.3
59.2
30-Day Fed Funds (CBOT)
100 contracts
9.5
32.5
6.04
50
65.4
54.1
81
51.2
19
44.7
Last Reporting Period
12
36
8.48
50
61.6
54.4
82.1
51.3
17.9
44.2
Canadian Dollar (IMM)
200 contracts
19
14.6
1.92
50
46.5
57.3
67.4
45.1
32.6
60.2
Last Reporting Period
19.9
13.4
1.63
50
50
57.2
71.5
44.8
28.5
63
Swiss Franc (IMM)
200 contracts
20.5
90.7
2.4
50
48.8
28.1
71.7
46.7
28.3
58.2
Last Reporting Period
21.3
88.4
2.32
50
49.5
27.9
73.1
46.2
26.9
60.3
Deutschemark (IMM)
200 contracts
14.4
60.1
1.84
50
54.8
46
71
48.9
29
52.6
Last Reporting Period
21.5
74.2
0.95
50
51.5
34.1
73.9
46
26.1
61.4
Pound Sterling (IMM)
200 contracts
24.1
92.9
0.01
50
48.7
25.4
72.8
47.8
27.2
56
Last Reporting Period
26.3
95.1
0
50
51
17.6
77.2
44
22.8
70.4
Japanese Yen (IMM)
200 contracts
19.7
11.7
0.62
50
63.4
66.6
83.7
53.6
16.3
31.6
Last Reporting Period
20
16.1
0.62
50
63.1
65.2
83.6
53.3
16.4
32.9
Australian Dollar (IMM)
200 contracts
19.8
0
0
50
58.5
76.3
78.3
57
21.7
24.8
Last Reporting Period
21.2
2.48
0
50
57.4
78.5
78.6
58
21.4
20.7
Mexican Peso (IMM)
200 contracts
6.7
41.2
7.36
50
63.3
52
77.3
50.9
22.7
46.9
Last Reporting Period
7.09
52.1
8.35
50
63.7
51.7
79.2
51.6
20.8
44.1
30-Day Fed Funds (IMM)
100 contracts
6.76
0
0
50
87.3
55.1
94.1
51.2
5.91
31.4
Last Reporting Period
6.76
0
0
50
87.3
55.1
94.1
51.2
5.91
31.4
S&P 400 (IMM)
25 contracts
4.24
49
0
50
91
49.7
95.2
49.7
4.79
56.4
Last Reporting Period
4.33
47.3
0
50
91.8
49.9
96.2
49.8
3.82
55.3
S&P 500 (IMM)
300 contracts
6.47
34.5
0.38
50
69.6
50.5
76.5
49.1
23.5
52.8
Last Reporting Period
8
28.5
0.25
50
68
51.8
76.3
49.4
23.7
51.9
Value Line Avg. (KCBT)
50 contracts
––
––
––
50
––
––
––
––
––
––
Last Reporting Period
––
––
––
50
––
––
––
––
––
––
Mini Value Line Avg. (KCBT)
50 contracts
21.1
21.2
0
50
39.1
74.3
60.2
55.7
39.8
41.4
Last Reporting Period
21.1
18.4
0
50
41.5
72.7
62.6
54.4
37.4
42.7
GSCI (IMM)
25 contracts
5.82
54.2
0.41
50
91.2
49.1
97.4
49.4
2.56
73.8
Last Reporting Period
6.29
54.4
0
50
91.4
48.7
97.7
49.1
2.32
88
Nikkei Stock Avg. (IMM)
50 contracts
19.6
56.9
0.08
50
58.7
44.9
78.4
47.9
21.6
57.5
Last Reporting Period
22.9
47.8
0.02
50
60.5
48.4
83.4
48.2
16.6
58.8
Russel 2000 Index (CME)
25 contracts
12.6
67.2
0
50
81.2
46.3
93.8
49.1
6.21
63.5
Last Reporting Period
13.6
57.6
0.33
50
80.7
47.7
94.6
49.1
5.4
65.2
Yen/DM XRate (NYCE)
25 contracts
38.8
90.6
0
50
54.9
17
93.7
47.5
6.29
87
Last Reporting Period
38.4
92.4
0
50
55.7
16.7
94.1
47.6
5.92
88.8
French Franc/DM XRate (NYCE)
25 contracts
45.8
6.14
0
50
51.8
90.5
97.6
50.9
2.41
14.3
Last Reporting Period
47.7
3.75
0
50
51
93.8
98.7
50.3
1.31
28.7
Lira/DM XRate (NYCE)
25 contracts
41.4
12.5
0
50
56.7
78.6
98.1
50.6
1.91
17.1
Last Reporting Period
41.1
11.6
0
50
57
78.9
98.1
50.7
1.9
15.1
DM/B Pound XRate (NYCE)
25 contracts
17.7
63.5
0
50
62
42.2
79.7
46.9
20.3
62.1
Last Reporting Period
13.5
45.4
0
50
65.4
48.3
78.8
47.8
21.2
58.2
Eurotop 100 (CMX)
25 contracts
0.58
100
0
50
94.8
48.4
95.4
48.7
4.64
76.2
Last Reporting Period
0.59
100
0
50
93.9
48.2
94.5
48.6
5.48
75
US$ Index (New) (NYCE)
50 contracts
13.5
58.5
68.9
50
4.19
37.6
86.6
50.7
13.4
45.3
Last Reporting Period
26.5
49.1
59.8
50
4.01
100
90.3
52
9.73
31.8
NYSE Compos. (NYFE)
50 contracts
18.3
42.9
41.2
50
10.2
84.7
69.7
53.2
30.3
42.7
Last Reporting Period
16.3
86.7
41.4
50
7.77
18.2
65.5
55.4
34.5
39.8
CRB Futures Index (NYFE)
25 contracts
16.9
29.5
66.6
50
0
––
83.5
45.9
16.5
70.9
Last Reporting Period
16.3
31.7
70.2
50
0
––
86.6
46.5
13.4
72.3

*Reporting positions as of December 2, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on December 5, 1997.
Consensus National Futures and Financial On Line Index

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